Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q3 2026 › vs Q2 2026
Westinghouse Air Brake Technologies (WAB) Q3 2026 vs Q2 2026 (quarter over quarter)
Westinghouse Air Brake Technologies's revenue fell $59.0M (-2%) from $3.2B in Q2 2026 to $3.1B in Q3 2026. The biggest changes: Goods −$43.0M (-2%); Services −$16.0M (-3%). Gross margin 37.3% against 36.5% (+0.8 pts).
Westinghouse Air Brake Technologies, Q3 2026: revenue $3.1B (+8% year over year), operating margin 20.0%, net earnings $409M, operating cash flow $455M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 37.3% | 36.5% | +0.8 pts |
| Operating margin | 20.0% | 18.9% | +1.2 pts |
| Net margin | 13.1% | 12.4% | +0.7 pts |
| Free cash flow margin | 12.2% | 11.9% | +0.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Goods | $2.6B | $2.7B | −$43.0M | -2% |
| Services | $493M | $509M | −$16.0M | -3% |
| Revenue | $3.1B | $3.2B | −$59.0M | -2% |
| Gross profit | $1.2B | $1.2B | $3.0M | +0.3% |
| Cost of revenue | $2.0B | $2.0B | −$62.0M | -3% |
| Operating profit | $625M | $600M | $25.0M | +4% |
| Operating expenses | $539M | $561M | −$22.0M | -4% |
| Pre-tax earnings | $557M | $518M | $39.0M | +8% |
| Other expense, net | $68.0M | $82.0M | −$14.0M | -17% |
| Research & development | $67.0M | $70.0M | −$3.0M | -4% |
| SG&A | $383M | $400M | −$17.0M | -4% |
| Other operating costs | $89.0M | $91.0M | −$2.0M | -2% |
| Net earnings | $409M | $395M | $14.0M | +4% |
| Minority interests | $2.0M | $1.0M | $1.0M | +100% |
| Income tax | $146M | $122M | $24.0M | +20% |
| Depreciation & amortization | $142M | $143M | −$1.0M | -0.7% |
| Share-based compensation | $25.0M | $28.0M | −$3.0M | -11% |
| Working capital & other | $121M | $125M | −$4.0M | -3% |
| Operating cash flow | $455M | $441M | $14.0M | +3% |
| Free cash flow (OCF − capex) | $381M | $379M | $2.0M | +0.5% |
| Capital expenditures | $74.0M | $62.0M | $12.0M | +19% |
Questions
How much did Westinghouse Air Brake Technologies's revenue grow quarter over quarter in Q3 2026?
Westinghouse Air Brake Technologies's revenue fell $59.0M (-2%) from $3.2B in Q2 2026 to $3.1B in Q3 2026.
What drove Westinghouse Air Brake Technologies's revenue change in Q3 2026?
Goods −$43.0M (-2%); Services −$16.0M (-3%).